First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Strong Trading Volume – Here’s Why

First Trust Indxx NextG ETF (NASDAQ:NXTG) shares saw unusually-high trading volume on Thursday . Approximately 6,718 shares changed hands during trading, a decline of 31% from the previous session’s volume of 9,718 shares.The stock last traded at $152.50 and had previously closed at $151.96.

First Trust Indxx NextG ETF Price Performance

The firm has a market capitalization of $562.07 million, a PE ratio of 22.81 and a beta of 1.04. The company’s fifty day simple moving average is $149.95 and its 200-day simple moving average is $137.58.

First Trust Indxx NextG ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.5768 per share. This is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, June 25th. This represents a $2.31 annualized dividend and a dividend yield of 1.5%.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Several institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its position in shares of First Trust Indxx NextG ETF by 468.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,001 shares of the company’s stock worth $539,000 after purchasing an additional 4,122 shares in the last quarter. Royal Bank of Canada lifted its holdings in First Trust Indxx NextG ETF by 19.8% in the 1st quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock valued at $8,936,000 after purchasing an additional 13,201 shares in the last quarter. Independent Financial Group LLC acquired a new stake in First Trust Indxx NextG ETF during the 1st quarter worth $2,080,000. Sanctuary Advisors LLC boosted its stake in First Trust Indxx NextG ETF by 3.5% during the 1st quarter. Sanctuary Advisors LLC now owns 10,239 shares of the company’s stock worth $1,146,000 after purchasing an additional 346 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in shares of First Trust Indxx NextG ETF by 1.1% during the first quarter. Kestra Advisory Services LLC now owns 64,687 shares of the company’s stock worth $7,240,000 after buying an additional 681 shares in the last quarter.

About First Trust Indxx NextG ETF

The First Trust IndXX NextG ETF (NXTG) is an exchange-traded fund that is based on the Indxx 5G & NextG Thematic index. The fund tracks a tiered-weighted index of global equities related to next generation digital cellular technologies. NXTG was launched on Feb 17, 2011 and is managed by First Trust.